However, the lender maintained its top position in the segment, with a market share of 34%.
“Factoring operations continue to be a viable option for Romanian companies,” said Anca Dogaru, head of BRD’s factoring division. She said factoring revenues rose 6% year-on-year in the first three months of 2014.
Romania’s factoring market fell by more than 5% to EUR2.72 billion in 2013, largely due to fewer import operations, according to data from the Romanian Factoring Association.